Europe Tire Shredder Size to Reach US$ 680.9 Million by the end of 2033, Unveils Fact.MR

Fact.MR, a supplier of market research and competitive information, projects that the Europe bio-waste shredder market will reach US$ 139 million in 2023 and grow at a remarkable CAGR of 4.3% from 2023 to 2033.

Waste shredder demand has grown dramatically across a range of sectors in Europe. According to statistics, recycling accounts for roughly 46% of Europe's annual waste. In the historical year 2020, more than 500 kg of regular municipal waste were generated as a result of the area's quick industrialization. Additionally, Europe is renowned for having waste management systems that are highly effective and take into account all practical ways to prevent pollution. This region is also noted for its stable, sustainable development.

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The informative campaigns and stringent regulations for managing biological debris and garbage in the region has particularly encouraged the use of bio-waste shredders in garbage disposal processes. Additionally, increasing hygiene and health consciousness among the regional population is encouraging the segregation and shredding of wastes according to their categories. Agricultural bio-waste is consequently, segregated and shredded to catalyse composting. Home based food waste and medical waste is also shredded either to boost upcycling or to minimize the contamination, respectively.

Bio-waste shredder's manufacturers are incorporating innovative technologies such as self-sterilization and metal detection systems in their products to attract customer's attention. However, rising advancements will proportionally increase the product cost which can be a major challenge for the growth of market.

Key Takeaways from Market Study

The Europe bio-waste shedder market is projected to expand at an impressive CAGR of 4.3% and be valued at US$ 212 Million by 2033.
The market witnessed a 3.5% CAGR for the period of 2018-2022.
Under the shredding capacity segment, upto 25 kg/hr dominates the market and is valued at US$ 65.3 Million in 2023.
Germany dominated the market with 25% market share in 2023.
Based on country, demand for bio-waste shredder is expected to increase at CAGRs of 3.1% & 4.3% respectively, in UK & France.

Market Development

The bio-waste shredder market is slightly fragmented with the presence of regional as well as international players and distributors. New entrants in the market are investing in research and development of new technologies to mark their market presence whereas the key players are adopting inorganic strategies such as mergers, acquisitions and partnerships to expand their customer base and product portfolio. Both emerging and developed manufacturers are adopting in-house manufacturing of whole machines to waive off their international import costs.

Key Companies Profiled

UNTHA shredding technology GmbH
Filamaker
Shredding Systems, Inc.
Gient Heating Industry Co., Ltd
ANDRITZ
Doppstadt Group
VERTISA CORPORATION
Sulzer Ltd
DONASONIC
Menart

The key market players are incorporating advanced technologies in their products to attract customer's attention. Partnerships with government and non-government waste management agencies as a part of inorganic strategy to expand their reach is adopted by most of the market players. Moreover, manufacturers are also using innovative marketing plans such as investments on brand websites and public awareness campaigns to promote their offered products.

• In October 2022, UNTHA group an international shredding machine manufacturer acquired Aigner Stahlbau Verkehrstechnik GmbH to expand its supply channels and market presence.

Industry Research

• By Operating Drive:
o Electrical Tire Shredder
o Hydraulic Tire Shredder

• By Product Type:
o Shear Shredder
o Chippers
o Grinders
o Granulators
o Others

• By Countries:
o Germany
o UK
o France
o Spain
o Italy
o BENELUX
o NORDIC
o Portugal
o Rest of Europe

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global bio-waste shredder market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights into the shredding capacity (up to 25 kgs/hr, up to 50 kg/hr, up to 100 kg/hr, up to 200 kg/hr, more than 200 kg/hr) and operation (semi-automatic and fully automatic) across major countries of Europe (Germany, France, UK, BENELUX, Nordics, Italy, Spain, rest of Europe).

Key Questions Covered in the tire shredder report:

• What is the projected value of the tire shredder in 2023?
• At what rate will the global tire shredder grow until 2033?
• Which are the factors propelling the growth in the tire shredder?
• Which region is expected to lead in the global tire shredder during 2023 to 2033?
• Which are the factors driving the tire shredder during the forecast period?
• What is the expected market value of the tire shredder during the forecast period?

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This release was published on openPR.